Fidelity and Guaranty Life (NYSE:FGL) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other analysts have also commented on FGL. Zacks Investment Research lowered shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Sandler O’Neill downgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th.

Fidelity and Guaranty Life (NYSE FGL) traded up 0.16% on Friday, hitting $31.15. 335,869 shares of the company were exchanged. The company has a market capitalization of $1.82 billion, a P/E ratio of 10.72 and a beta of 0.91. Fidelity and Guaranty Life has a 52 week low of $21.10 and a 52 week high of $31.30. The firm’s 50 day moving average is $30.31 and its 200 day moving average is $27.14.

Fidelity and Guaranty Life (NYSE:FGL) last released its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $375 million for the quarter, compared to analyst estimates of $295 million. Fidelity and Guaranty Life had a net margin of 13.16% and a return on equity of 9.10%. The firm’s revenue was up 60.9% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. On average, equities research analysts forecast that Fidelity and Guaranty Life will post $2.65 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of FGL. Nordea Investment Management AB increased its position in Fidelity and Guaranty Life by 15.1% in the first quarter. Nordea Investment Management AB now owns 58,216 shares of the financial services provider’s stock valued at $1,618,000 after buying an additional 7,646 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Fidelity and Guaranty Life during the first quarter valued at about $1,112,000. Karp Capital Management Corp bought a new position in Fidelity and Guaranty Life during the first quarter valued at about $446,000. Bank of New York Mellon Corp increased its position in Fidelity and Guaranty Life by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 176,237 shares of the financial services provider’s stock valued at $4,900,000 after buying an additional 9,763 shares during the last quarter. Finally, LSV Asset Management increased its position in Fidelity and Guaranty Life by 568.8% in the first quarter. LSV Asset Management now owns 190,600 shares of the financial services provider’s stock valued at $5,298,000 after buying an additional 162,100 shares during the last quarter. 23.36% of the stock is currently owned by institutional investors and hedge funds.

Fidelity and Guaranty Life Company Profile

Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets.

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